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VT H0418
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Angela Arsenault
Click for details
AI Summary
- Imposes an 11% excise tax on retail sales of firearms, firearm precursor parts, and ammunition in Vermont, separate from and in addition to existing sales tax
- Licensed firearm dealers may retain 10% of the tax they collect as compensation for collection and remittance duties
- Exempts transfers between immediate family members and transfers to law enforcement agencies and U.S. Armed Forces from the tax
- Requires quarterly tax remittance by the 25th day of the month following each quarter, with dealers and vendors maintaining records for at least three years
- Deposits all revenue into the Domestic and Sexual Violence Special Fund to support the Vermont Network against Domestic and Sexual Violence, with an effective date of July 1, 2026
Legislative Description
An act relating to an excise tax on the sale of firearms and ammunition
Last Action
Read first time and referred to the Committee on Ways and Means
2/27/2025
Committee Referrals
Ways and Means2/27/2025
Full Bill Text
No bill text available